13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001061186
申報總市值
US$551.6億
US$551.6億
241 檔
24.2%
截至 Q4 2025 季度末，Wcm Investment Management, LLC 的美股持倉估值約為 US$551.6億，全數申報部位共有 241 檔。
Wcm Investment Management, LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 125 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 SE, APP, TSM）占據了總市值的 24.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 241 檔）
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SE | Sea Ltd-adr | 股票-通訊服務 | 6.83% | -0.32% | -0.73% | |
| 2 | APP | Applovin Corp-class A | 股票-科技 | 6.79% | -0.90% | -3.76% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 6.06% | +0.90% | -2.69% | |
| 4 | ASML | ASML Holding N.V. | 股票-科技 | 4.17% | +0.59% | -2.21% | |
| 5 | PM | Philip Morris International | 股票-非循環性消費 | 3.60% | -0.64% | -4.12% | |
| 6 | IBN | Icici Bank Ltd-spon Adr | 股票-金融 | 3.28% | -0.26% | -1.59% | |
| 7 | STX | Seagate Technology Holdings plc | 股票-科技 | 2.97% | +5.74% | -0.54% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.94% | -0.03% | -0.95% | |
| 9 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 2.92% | -0.24% | -26.76% | |
| 10 | LIN | Linde plc | 股票-原物料 | 2.89% | -0.73% | -3.23% | |
| 11 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 2.64% | -0.62% | -1.79% | |
| 12 | NU | Nu Holdings Ltd. | 股票-金融 | 2.57% | -0.48% | -0.73% | |
| 13 | CP | Canadian Pacific Kansas City | 股票-工業 | 2.49% | -0.44% | -2.59% | |
| 14 | WDC | Western Digital CORP | 股票-科技 | 2.43% | -1.84% | -1.29% | |
| 15 | CPNG | Coupang Inc | 股票-循環性消費 | 2.40% | — | -1.56% | |
| 16 | WCN | Waste Connections Inc | 股票-工業 | 2.31% | -0.28% | -2.72% | |
| 17 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.26% | -1.70% | — | |
| 18 | FERG | Ferguson Enterprises Inc | 股票-工業 | 2.05% | -0.41% | — | |
| 19 | MELI | Mercadolibre Inc | 股票-循環性消費 | 2.03% | — | -2.00% | |
| 20 | MSFT | Microsoft CORP | 股票-科技 | 1.95% | -0.26% | -0.61% | |
| 21 | NVDA | Nvidia CORP | 股票-科技 | 1.75% | -0.07% | -1.48% | |
| 22 | CAH | Cardinal Health Inc | 股票-醫療保健 | 1.72% | -0.13% | — | |
| 23 | MCK | Mckesson CORP | 股票-醫療保健 | 1.61% | -0.53% | -2.28% | |
| 24 | V | Visa Inc-class A Shares | 股票-金融 | 1.52% | -0.10% | -2.44% | |
| 25 | GLW | Corning Inc | 股票-科技 | 1.50% | +0.37% | -2.48% | |
| 26 | GE | General Electric | 股票-工業 | 1.48% | -0.33% | -1.77% | |
| 27 | AON | Aon plc | 股票-金融 | 1.46% | -0.33% | -2.54% | |
| 28 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.28% | -0.16% | -2.13% | |
| 29 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 1.28% | -0.31% | -1.23% | |
| 30 | WELL | Welltower Inc | 股票-房地產 | 1.27% | -0.07% | +2217.24% | |
| 31 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 1.23% | +0.11% | -40.32% | |
| 32 | CTVA | Corteva Inc | 股票-原物料 | 1.22% | -0.30% | -1.43% | |
| 33 | RGA | Reinsurance Group Of America | 股票-金融 | 1.16% | -0.12% | +0.49% | |
| 34 | MNDY | monday.com Ltd. | 股票-科技 | 1.13% | — | -10.10% | |
| 35 | ILMN | Illumina Inc | 股票-醫療保健 | 1.11% | +0.41% | -2.64% | |
| 36 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 1.05% | -0.09% | -1.82% | |
| 37 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 0.90% | -0.14% | +5492.83% | |
| 38 | GDDY | Godaddy Inc - Class A | 股票-科技 | 0.85% | -0.62% | -12.20% | |
| 39 | GEV | GE Vernova Inc | 股票-工業 | 0.81% | — | -12.34% | |
| 40 | MDLN | Medline Inc-cl A | 股票-其他 | 0.63% | -0.17% | — | |
| 41 | SAP | Sap Se-sponsored Adr | 股票-科技 | 0.56% | -0.32% | EXIT | |
| 42 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.51% | — | -0.04% | |
| 43 | UBS | UBS Group AG | 股票-金融 | 0.50% | +0.06% | -0.13% | |
| 44 | AHR | American Healthcare Reit Inc | 股票-房地產 | 0.34% | — | — | |
| 45 | RACE | Ferrari N.V. | 股票-循環性消費 | 0.33% | — | -2.09% | |
| 46 | CLS | Celestica Inc | 股票-科技 | 0.32% | +0.05% | -26.01% | |
| 47 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.30% | — | +10818.37% | |
| 48 | CNQ | Canadian Natural Resources | 股票-能源 | 0.29% | -0.16% | -9.71% | |
| 49 | CRS | Carpenter Technology | 股票-工業 | 0.28% | -0.13% | +21.38% | |
| 50 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 0.26% | +0.03% | -8.19% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | WELL | Welltower Inc | +1.2% | +2217.24% | 加碼 |
| 2 | TEVA | Teva Pharmaceutical-sp Adr | +0.9% | +5492.83% | 加碼 |
| 3 | WDC | Western Digital CORP | +0.8% | -1.29% | 減碼 |
| 4 | STX | Seagate Technology Holdings plc | +0.5% | -0.54% | 減碼 |
| 5 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | -2.69% | 減碼 |
| 6 | ILMN | Illumina Inc | +0.3% | -2.64% | 減碼 |
| 7 | ASML | ASML Holding N.V. | +0.3% | -2.21% | 減碼 |
| 8 | EFA | Ishares Msci Eafe ETF | +0.3% | +10818.37% | 加碼 |
| 9 | ACGL | Arch Capital Group Ltd. | +0.1% | -1.79% | 減碼 |
| 10 | NU | Nu Holdings Ltd. | +0.1% | -0.73% | 減碼 |
| 11 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | -1.82% | 減碼 |
| 12 | CRS | Carpenter Technology | +0.1% | +21.38% | 加碼 |
| 13 | AZNN | Astrazeneca Plc-spons Adr | +0.1% | -0.04% | 減碼 |
| 14 | GLW | Corning Inc | +0.1% | -2.48% | 減碼 |
| 15 | AMZN | Amazon.com Inc | +0.1% | -0.95% | 減碼 |
| 16 | MCK | Mckesson CORP | +0.1% | -2.28% | 減碼 |
| 17 | RGA | Reinsurance Group Of America | +0.1% | +0.49% | 加碼 |
| 18 | TPR | Tapestry Inc | +0.1% | +15.23% | 加碼 |
| 19 | UBS | UBS Group AG | +0.1% | -0.13% | 減碼 |
| 20 | FTAI | FTAI Aviation Ltd. | +0.1% | +20.56% | 加碼 |
| 21 | FIX | Comfort Systems USA Inc | +0.1% | +15.94% | 加碼 |
| 22 | GE | General Electric | 0% | -1.77% | 減碼 |
| 23 | LPLA | Lpl Financial Holdings Inc | 0% | -1.23% | 減碼 |
| 24 | CX | Cemex Sab-spons Adr Part Cer | 0% | +12.20% | 加碼 |
| 25 | AGX | Argan Inc | 0% | +12.81% | 加碼 |
| 26 | TSEM | Tower Semiconductor Ltd. | 0% | +125.96% | 加碼 |
| 27 | SN | SharkNinja, Inc. | 0% | +14.97% | 加碼 |
| 28 | BAP | Credicorp Ltd. | 0% | +11.07% | 加碼 |
| 29 | NOVT | Novanta Inc | 0% | +26.18% | 加碼 |
| 30 | LLY | Eli Lilly & Co | 0% | -2.61% | 減碼 |
| 31 | NVDA | Nvidia CORP | 0% | -1.48% | 減碼 |
| 32 | V | Visa Inc-class A Shares | 0% | -2.44% | 減碼 |
| 33 | SONY | Sony Group CORP - Sp Adr | 0% | +176.87% | 加碼 |
| 34 | ENSG | Ensign Group Inc/the | 0% | +17.41% | 加碼 |
| 35 | HLN | Haleon Plc-adr | 0% | +108.21% | 加碼 |
| 36 | BLD | Topbuild CORP | 0% | +19.93% | 加碼 |
| 37 | TXRH | Texas Roadhouse Inc | 0% | +32.19% | 加碼 |
| 38 | SBS | Cia Saneamento Basico De-adr | 0% | +76.13% | 加碼 |
| 39 | TT | Trane Technologies plc | 0% | +92.42% | 加碼 |
| 40 | ATRC | Atricure Inc | 0% | +14.42% | 加碼 |
| 41 | PAC | Grupo Aeroportuario Pac-adr | 0% | +242.10% | 加碼 |
| 42 | KSPI | Jsc Kaspi.kz Adr | 0% | +23.50% | 加碼 |
| 43 | BN | Brookfield CORP | 0% | +115.33% | 加碼 |
| 44 | PNTG | Pennant Group Inc/the | 0% | +2.51% | 加碼 |
| 45 | BABA | Alibaba Group Holding-sp Adr | 0% | +80.73% | 加碼 |
| 46 | AS | Amer Sports, Inc. | 0% | +35.87% | 加碼 |
| 47 | SLB | Slb LTD | 0% | +105.68% | 加碼 |
| 48 | PEN | Penumbra Inc | 0% | -4.88% | 減碼 |
| 49 | GIB | Cgi Inc | 0% | +93.58% | 加碼 |
| 50 | BTI | British American Tob-sp Adr | 0% | +93.61% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Wcm Investment Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$551.6億，共申報了 241 個公開持股部位。
在 Q4 2025 季度，Wcm Investment Management, LLC 按市值排列的前三大核心持股分別為：SE (6.8%)、APP (6.8%)、TSM (6.1%)。其中最大持股部位 SE 佔據整體投資組合約 6.8% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
SHOP
市值: US$11.0億
本季最大獲利了結 / 清倉標的
UNH
前期市值: US$4.3億
在 Q4 2025 季度中，Wcm Investment Management, LLC 共進行了 200 項持倉異動，包含新建倉 32 個部位、加碼 43 個部位、減碼 105 個部位以及清倉 20 個部位。 其中最大新建倉標的為 SHOP。 本季清倉部位包含 UNH。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。